Bitcoin price is chasing another 2020 high but top traders refusing to open longs is a bearish signal.
Bitcoin derivatives favor bulls but data shows top traders added to their short positions as BTC rallied above $12K.
Data from Wilshire Phoenix suggests BTC price formation is driven by CME Bitcoin futures but would this dynamic differ if stablecoin volumes were also included?
Bitcoin volatility has fallen to a 16-month low, signalling that a sharp move in BTC looms.
Tether’s USDT stablecoin dominates crypto market volumes but data shows its $15.7B market cap does not negatively impact Bitcoin’s volume.
The futures contracts premium and the long-to-short ratio show that top traders feel bullish about Bitcoin price.
Bitcoin derivatives data show pro traders increased their short positions in the past three weeks.
BitMEX is maintaining respectable liquidity and open interest but the exchange could still face a total client exodus.
Bitcoin futures and options sentiment held steady despite the BitMEX and Kucoin news, signaling a $12K bull run is near.
Decentralized finance yields are incredibly attractive, but options markets can also provide similar sized returns for those willing to take risks.